There are several first-time home buyer programs available in Florida that can help make buying a home more affordable. Here are a few options:
- Florida Housing First Time Homebuyer Program: This program offers low-interest, fixed-rate mortgages to first-time home buyers who meet income and other eligibility requirements. It also offers down payment and closing cost assistance to eligible borrowers.
- State Housing Initiatives Partnership (SHIP) Program: This program provides funds to local governments and nonprofit organizations to help eligible first-time home buyers with down payment and closing cost assistance.
- Florida Assist Second Mortgage Program: This program offers eligible borrowers a second mortgage to help cover the down payment and closing costs associated with buying a home.
- Homeownership Pool (HOP) Program: This program provides down payment assistance to eligible first-time home buyers who are purchasing a home in a designated area.
- Federal Housing Administration (FHA) loans: FHA loans are backed by the federal government and offer low down payment options to eligible borrowers, making it easier for first-time home buyers to qualify for a mortgage.
These are just a few of the many first-time home buyer programs available in Florida. Reach out to us today to discuss options!